I opened a perpetual contract last night. I didn’t add to or close my position this morning, but there’s an extra charge on my bill. Where did it come from?
First, check the item name on your bill. Trading fees are charged when trades are executed. You pay a fee when an opening order is filled, and the same applies when a closing order is filled.
Funding fees depend on whether you hold a position at settlement time. When settlement comes around, even if you haven’t done anything all night, you may still pay or receive a payment as long as you’re holding a position. When the funding rate is positive, longs pay shorts; when it’s negative, shorts pay longs.
For example, suppose opening a position last night incurred a trading fee of 3 USDT, and your position later crossed a settlement time, resulting in a funding fee of 2 USDT. The total is 5 USDT: 3 USDT for the opening trade and 2 USDT in funding fees.
Next time this happens, open your contract trading history and compare the charge times with the fee names. One corresponds to the trade execution time, and the other to the funding settlement time. That should clear things up.
#知识科普 $USDT
First, check the item name on your bill. Trading fees are charged when trades are executed. You pay a fee when an opening order is filled, and the same applies when a closing order is filled.
Funding fees depend on whether you hold a position at settlement time. When settlement comes around, even if you haven’t done anything all night, you may still pay or receive a payment as long as you’re holding a position. When the funding rate is positive, longs pay shorts; when it’s negative, shorts pay longs.
For example, suppose opening a position last night incurred a trading fee of 3 USDT, and your position later crossed a settlement time, resulting in a funding fee of 2 USDT. The total is 5 USDT: 3 USDT for the opening trade and 2 USDT in funding fees.
Next time this happens, open your contract trading history and compare the charge times with the fee names. One corresponds to the trade execution time, and the other to the funding settlement time. That should clear things up.
#知识科普 $USDT
